Chapter 6: Variable consideration (like P6-4) Dr. Weng York Corp. (York) sells a variety of games to wholesale retailers. During August of 2025, York started a loyalty program through which qualifying customers can accumulate points and redeem those points for discounts on future purchases (no points earned for purchases with points redeemed). Redemption of a loyalty point reduces the price of one dollar of future purchases by 10% (equal to 10 cents). York estimates a 55% likelihood that points will be redeemed. All sales are on account. On September 15, 2025, customers redeemed 60,000 points from prior purchases and York sold $500,000 of games (customers earned points on the $440,000). On October 20, 2025, customers redeemed loyalty points on $100,000